Real GDP Is Better Than Nominal GDP for Measuring Growth

question 78

Multiple Choice

Real GDP is better than nominal GDP for measuring growth because real GDP has been adjusted for changes in

• A)The price level.
• B)Unemployment.
• C)The business cycle.
• D)Productivity.

---

Definitions:

Reaching Objectives

The process of successfully achieving goals or targets set by an individual or organization.

Monitor

To observe and check the progress or quality of (something) over a period of time; keep under systematic review.

Allocates Resources

The process of assigning available resources, such as time, money, and labor, to specific tasks or projects to achieve objectives.

Primary Objectives

Primary objectives are the fundamental goals that an organization or project aims to achieve, serving as the key drivers for its strategies and actions.